Extreme
Samsung
Samsung Expects Its Operating Profit To Drop By 96 Percent, The Biggest In 14 Years, But Company’s Flagship Phone Sales Are Thriving
Samsung has probably seen better financial quarters, as Q1 2023 is expected to bring the Korean giant more misery than hope. The company released its earnings guidance for the period, revealing that it will post an operating drop of 96 percent compared to Q1 2022, making it the biggest drop in almost 15 years. Fortunately, the Galaxy S23 helped cushion the blow, as sales of the flagship smartphone lineup helped Samsung avoid even more devastation.